Markets & Infrastructure

Payments & Settlements

India’s UPI Payment Service Launches in France

By Ajoy K Das | 07/02/2024

The service will enable Indian tourists to make UPI-based payments across merchants in France.

Trading & Investment

CSRC Halts Securities Lending to Support Stock Market

By Manesh Samtani | 07/02/2024

Brokerage firms are prohibited from engaging in securities refinancing business. State investor Central Huijin is expanding its ETFs purchases.

Conduct, Culture & Accountability

FSS Korea Warns of Stern Measures for Financial Misconduct

By Mark Johnston | 07/02/2024

FSS Korea warns of stern repercussions for misconduct by financial firms, excessive risk-taking, and high fees and interest rates.

Structural Regulation

Malaysia: SC Streamlines Authorisation Process for CMIs, RMOs

By Nithya Subramanian | 07/02/2024

The new approach will shorten the time to market for for new capital market intermediaries and recognised market operators to three months from six months previously.

Market Abuse

China Works to Stablise Markets With Trading Curbs, Strong Words

By Manesh Samtani | 06/02/2024

CSRC vowed to punish market manipulation and malicious short selling. Institutional investors were told to avoid selling and brokers to avoid forced liquidations.

Structural Regulation

SC Malaysia Broadens Sophisticated Investor Categories

By Ranamita Chakraborty | 06/02/2024

The SC now considers knowledge, experience, and primary residence value for the sophisticated investor qualification.

Payments & Settlements

India Issues Regulatory Framework for GIFT City Payment Services

By Ajoy K Das | 06/02/2024

The regulations cover account issuance, e-money issuance, escrow, cross-border money transfer and merchant acquisition services.

Conduct, Culture & Accountability

SFC Fines PICC Asset Management for Fund Management Failures

By Sanday Chongo Kabange | 06/02/2024

The SFC penalised PICC Asset Management for failing to discharge duties as the manager of a Cayman-incorporated fund.

Conduct, Culture & Accountability

Korea: FSS Probe Confirms Mis-selling of HSCEI-Linked ELS

By Manesh Samtani | 06/02/2024

High-risk equity-linked securities were sold to customers who prioritised principal protection, were close to retirement, and those planning for future cancer treatments.